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Latest Business News

Disgraced NY Governor Won't Need New Job

Wednesday, March 12, 2008 6:26:14 PM
By DAVID B. CARUSO

New York Gov. Eliot Spitzer announces his resignation Wednesday, March 12, 2008, in his offices in New York. Lt. Gov. David Paterson will succeed him in office effective Monday, March 17. (AP Photo/Stephen Chernin)NEW YORK (AP) - Eliot Spitzer probably doesn't need to get a day job when he leaves the governor's office next week.

The scion of a wealthy Manhattan real estate developer, Spitzer is a millionaire who could easily live off his share of his father's real estate business.

But that doesn't mean there won't be financial wrinkles ahead for Spitzer, who announced his resignation Wednesday after becoming ensnared in a prostitution scandal.


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